Day: March 4, 2022

A contract in which one party (lessor) permits to use the asset for a specified period of time to another party (lessee) in exchange for periodic payments for a specified time is known as Leasing. At regular intervals, the lessee Read More …

Hiring is an agreement, in which the hire vendor transfers an asset to the hire purchaser, for consideration. The consideration is in the form of Hire Purchase Price (HPP) which includes cash down payment and installments. The hire purchase price Read More …

Service contracts are agreements for specific acts, such as painting your house or tuning your car, and are distinguishable from contracts for goods. They‘re used predominantly by contractors, freelancers, and consultants and, generally involve one party paying another party to Read More …